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COMPARATIVE SCHEDULE SHOWINC? INCR ' I I ADJUSTEI CAPITAL STRUCTURE OF BANK OF AMERICif N.T.& S . A . FROM MARCH 3 1 , 1932 TC AUGUST 3 1 , " ON EASIS OF COMPUTATION PRESS:!TLY USED II\ REPORTS CF EXAMINATION .. . c , „ C a p i t a l , S u r p l u s and Undivided P r o f i t s Reserves f o r C o n t i n g e n c i e s p Total Capital Structure shown by Eooks Less: 50% o f C l a s s i f i c a t i o n I I I and C l a s s i f i c a t i o n IV Adjusted C a p i t a l Structure A f t e r above D e d u c t i o n s Less: D e p r e c i a t i o n A r r i l 10, l ^ j August 31, 193? 94,208,000 10,000,000 100,535,000 3,871,000 117,361,177 4,060,59 104,208,000 134,406,000 121,421,771 42,693,500 .36,393,500- )z\ ^3) 20,498,:?9 61,509,500 68,012,500 100,922,892 12,497,000 17,108,000 49,012,500 50,904,500 100,922,292 666,423,000 641,900,000 1,321,334,237 1 t o 13.59 1 to 12.61 11,204,500 31,4>1,000 18,060,500 18, 333rOOO 6,170,015 14,319,863 in Bond Account Net Deposits Ratio C a p i t a l to Deposits (1) • S&Ech_llJL_r2i2 Net a p p r e c i a t i o n i h Bondr'Account o f £ 8 , 6 8 3 , 2 9 6 as o f Feb. 13, 194-0. Note: The Bank does n o t accede t o t h e method o f computing c a p i t a l s t r u c t u r e used i n r e p o r t s o'f e x a m i n a t i o n . The f o r e g o i n g c o m p u t a t i o n has been p r e p a r e d , however, t o show t h e improvement i n t h e c a p i t a l s t r u c t u r e o f the Bank s i n c e 1932 based upon the p r e s e n t method o f c o m p u t a t i o n . (2) Of t h i s amount $ 3 , 2 4 5 , 4 7 8 . 0 3 w o u l d be e l i m i n a t e d t h r o u g h the p l e d g i n g o f a d d i t i o n a l c o l l a t e r a l f o r t h e C a l i f o r n i a Lands and C a p i t a l Co. c o n t r a c t s . (3) Of t h i s amount $ 6 , 3 2 1 , 1 5 2 . 6 4 has been e l i m i n a t e d t h r o u g h charge reserves or o t h e r w i s e . offs, — (1) 1 t o 13.09 ESTIMATED NET SOUND ASSET VALUE BANK OF AMERICA N . T . & S . A . A d j u s t e d C a p i t a l S t r u c t u r e shown by R e p o r t o f E x a m i n a t i o n o f A u g u s t 3 1 , 1939 Add: $100,922,892.28 Losses c h a r g e d o f f o r o t h e r w i s e e l i m i n a t e d s i n c e August 3 1 , 1939 6,321,152.64 Items e r r o n e o u s l y c l a s s i f i e d d o u b t f u l i n R e p o r t o f E x a m i n a t i o n o f August 31, 1939. (One h a l f o f I I I c l a s s i f i c a t i o n on l o a n s a t branches o r $ 5 2 7 , 0 2 0 . 0 3 deducted. Balance of I I I C l a s s i f i c a t i o n r e p r e s e n t s R e a l 3 s t a t e c o n t r a c t s , Other R e a l E s t a t e and b a n k i n g p r e m i s e s upon w h i c h t h e r e i s no l o s s . ) 5,656,995.66 I t e m s e r r o n e o u s l y c l a s s i f i e d as l o s s i n Report o f Examination o f August 31, 1939 ( C o n s i s t i n g o f N a t i o n a l C i t y Bank s t o c k , O t h e r R e a l E s t a t e and B a n k i n g P r e m i s e s upon w h i c h t h e r e i s no l o s s ) Net a p p r e c i a t i o n i n S e c u r i t i e s (as o f F e b r u a r y 13, 1940) 7,997,711.01 accounts 8t68^.296.05 Corrected Adjusted Capital Structure 129,582,047.64 B a n k i n g House and F u r n i t u r e and F i x t u r e s v a l u e i n excess o f Book V a l u e as p e r A m e r i c a n A p p r a i s a l Company f i g u r e s based on R e p r o d u c t i o n c o s t l e s s d e p r e c i a t i o n , land at current low v a l u e . 6,738,458,50 E s t i m a t e d minimum r e c o v e r y a n t i c i p a t e d v a l u a t i o n reserves of $15,564,000.00 5r000r000.00 from E s t i m a t e d Net Sound A s s e t V a l u e R a t i o t o D e p o s i t s , December 3 0 , 141,370,505.64 1939 1 to 10.41
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